Tag: money and finance
Three New BI-FAST Features Aim to Simplify Mass and Recurring Payments
Money is moving faster than ever in Indonesia, and BI-FAST is right at the center of it. During the fourth quarter of 2025, transactions...
Indonesia Moves Closer to Rupiah Redenomination, BI Confirms Discussion with DPR
Indonesia is getting closer to simplifying its currency system. The long-discussed redenomination of the rupiah, essentially trimming the number of zeros from the existing...
Here’s How to Recover a Blocked Dormant Account in Indonesia
Dormant bank account in Indonesia have become a major concern. Over the past decade, the Financial Transaction Reports and Analysis Center (PPATK) uncovered more...
Increasingly Reliable, QRIS and BI-Fast Transactions Surge Throughout 2024
The convenience of making payments in Indonesia has reached new heights with QRIS and BI-Fast. Bank Indonesia (BI) has reported a significant surge in...
Indonesia Ranks Seventh in Global IPO Activity by Q3 2024
Indonesia's capital market continues to shine, with 34 companies conducting initial public offerings (IPOs) by the third quarter of 2024. This achievement places Indonesia...
QRIS Helps Reduce Counterfeit Money Fraud
As Indonesia embraces rapid digitalization, QRIS (Quick Response Code Indonesian Standard) is proving to be a game-changer in financial transactions, offering a robust solution...
Banks in Indonesia Close 12,227 ATMs, Indicating Rapid Digitalization and Efficiency
In an era where digitalization permeates every aspect of life, banking sector in Indonesia is no exception. Over the past five years, the number...
De-dollarization Continues, Cross-Border LCT Transactions Surge by Over 100%
In a bid to lessen reliance on the US dollar (de-dollarization), Indonesia is ramping up efforts in Local Currency Transactions (LCT). The latest data...
Rupiah Falls to Rp16,000 Against Dollar, Bank Indonesia Ensures to Steady...
Following the post-Eid holiday period, the Indonesian rupiah has taken a sharp nosedive, breaching the critical level of Rp16,000 against the US dollar. This...
Observing the Policy Direction of Bank Indonesia This Year
Bank Indonesia (BI) has just presented its policy direction views this year. According to Bank Indonesia Governor, Perry Warjiyo, the overall policy direction will...
